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₹1,000–1,200 crore, three people familiar with the matter said.The firm is targeting a valuation between ₹5,000–7,000 crore for a listing and has appointed IIFL, Motilal Oswal and Axis Capital as advisors to help with the issue, the people added.“The listing, which is expected to happen in FY27, is largely dominated by an offer for sale by existing investors with a smaller primary component to raise fresh capital for expansion plans,” one of the people cited above said on the condition of anonymity.If it goes as planned, Rentomojo will join the growing list of startups such as PhonePe, Flipkart, Zepto, boAt, Shiprocket, Infra.Market, OfBusiness and Shadowfax that are looking to tap the public markets this year.However, rising tensions in West Asia have dampened investor sentiment and impacted valuations, prompting several companies, including PhonePe, to defer their listing plans.“The markets are uncertain and it’s difficult to see where the valuations will land,” a second person said.Mails sent to Rentomojo, IIFL, Motilal and Axis did not elicit a response till the time of publishing.Founded in 2014 by Geetansh Bamania and Ajay Nain, Rentomojo began with the aim to serve a new generation of urban Indian professionals who move cities frequently for work.The startup's subscription model allows customers to rent household essentials without committing to ownership—an offering increasingly relevant for professionals, especially those working in IT and BPO jobs.As it moves closer to an IPO, the company is increasing its focus on operational efficiency, customer trust, and scalable growth—key priorities as it transitions from a startup to a listed entity.Last year, Mint reported that the startup was looking to raise a fresh

emissions data from about 70 plants to establish this baseline. But a review found mismatches between reported emissions and fuel use or production levels at some units, while others used differing calculation methods.

Earlier this week, Bloomberg reported that Unilever plans to spin off its food business, after carving out its ice-cream unit into The Magnum Ice Cream Company, including India’s Kwality Walls. It continues to sell brands such as Hellmann’s, Kissan, Brooke Bond and Horlicks in India.“Looking ahead, our priorities are clear: more beauty and well-being and personal care,” Unilever CEO Fernando Fernandez said in July 2025.Later, the Financial Times reported that Unilever and Kraft Heinz held talks about a potential merger of their food businesses.While the future of these deals is uncertain, they reflect a broader global trend of major FMCG companies reducing their food portfolios—a contrast to India, where private capital is pouring into packaged foods.

CMS Info Systems operates in a sector undergoing significant consolidation, where weaker players are steadily exiting due to severe challenges accessing credit and liquidity. As a result, even a listed competitor (AGS Transact) had to cease operations due to liquidity problems.CMS stepped in to stabilise ATM networks for banks, reinforcing its position as a mission-critical partner rather than just a service provider.

A straw poll might show there exists a field of technology in which we Indians actually find it hard to be optimistic: self-driving vehicles. Satellite-guided traffic is a tech vision that’s unlikely to survive contact with our urban streets, unless AI can evolve to outsmart, say, a ‘squid’ motorist (in biker parlance) and learn the art of a real-world dodge.But optimism or any lack thereof has no bearing on the need for tech solutions to upgrade how vehicles move. For one thing, the status quo is costly.

After HDFC Bank chairman Atanu Chakraborty resigned in an abrupt move that the board led by his interim replacement Keki Mistry was reportedly baffled by, stakeholder attention was drawn to what the former may have meant by practices in his observation over the past two years being incongruent with his personal “values and ethics,” which is what he cited to explain his sudden departure. Chakraborty didn’t elaborate. “There are no other material reasons for my resignation,” he wrote in his resignation letter.

Stock market recap: Indian equity benchmarks, Sensex and the Nifty 50, slumped more than 3% on Thursday in their worst session since June 2024, dragged down by heavyweight HDFC Bank after the abrupt exit of its chairman and by a surge in crude prices following attacks on West Asian energy facilities.The Nifty 50 fell 3.26% to 23,002.15 points, while the BSE Sensex also lost as much to settle at 74,207.24.On the Sensex, Eternal, Bajaj Finance, Mahindra & Mahindra, HDFC Bank, Larsen & Toubro and Bajaj Finserv were among the major laggards. HDFC Bank dropped 5.13% after its chairman, Atanu Chakraborty, resigned, citing ethical concerns.Brent crude, the global oil benchmark, soared 6.75% to $114.8 per barrel after Iran attacked a key natural gas facility in Qatar as well as two oil refineries in Kuwait.Best stocks to buy today (All Buy trades are rates of Equity & Sell rates are based on F&O)IPCALAB: Buy above ₹1550, stop ₹1500 target ₹1680 (Multiday)GESHIP: Buy above ₹1445, stop ₹1380 target ₹1540 (Multiday)COLPAL: Sell below 1880, stop ₹1940 target ₹1760(Multiday)Indian equity markets suffered a sharp selloff on Thursday, March 19, 2026, as persistent global risk-off sentiment and a surge in crude oil prices triggered broad-based losses.

sudden resignation of chairman Atanu Chakraborty, with open positions in the stock’s active futures contracts hitting record highs, according to Bloomberg data.Usually, such a heavy buildup of short bets can trigger a bounce through short covering.

₹1 lakh segment.The pressure is most visible at its youth-focused brands CaratLane and Mia by Tanishq, where demand is showing signs of strain as gold becomes less affordable. Titan is expanding design-led silver offerings to retain entry-level buyers, rather than relying only on lower-carat gold or pricing tweaks.The shift underscores a broader pivot underway in India’s jewellery market: as gold prices climb, consumers—particularly younger buyers—are becoming more experimental, gravitating toward lighter, lower-ticket categories such as silver and silver-studded pieces.Gold is currently trading at around ₹1.5 lakh per 10 grams on the MCX, up sharply over the past year, while silver is hovering around ₹2.35 lakh per kg, indicating a widening affordability gap between the two metals.“We are seeing a structural shift in India’s jewellery consumption.

crude prices translates quickly into higher fuel costs. In the US, for instance, a gallon of regular petrol that averaged $2.94 in February now costs $3.58—a 20% increase—according to AAA Fuel Prices, a retail fuel price tracker from the American Automobile Association.In contrast, petrol in cities like Mumbai has held steady at around ₹103 per litre in recent weeks.At the core of this stability are state-run oil marketing companies (OMCs) such as Indian Oil and Hindustan Petroleum.When international prices surge, these companies often absorb the increase instead of passing it on immediately to consumers.According to Madan Sabnavis, chief economist at Bank of Baroda, "In the interest of social stability and to shield the common citizen from sudden inflationary shocks, domestic oil marketing companies often maintain steady product prices even as global crude costs climb.

MUMBAI: Sewing machine manufacturer Singer India Ltd. plans to focus on premiumization and diversification into consumer products to garner a greater share in the domestic and industrial markets that are currently flooded by Chinese products.“Today we have been able to completely reposition ourselves as a premium product,” Rakesh Khanna, vice-chairman and managing director of Singer India, told Mint.The company plans to invest over ₹100 crore in the next three years in a new plant to increase production of zig zag sewing machines.

New Delhi: As the war in West Asia disrupts global trade flows, the Indian government has launched a sweeping audit of critical supply chains to map vulnerabilities and reduce import dependence, according to three government officials and documents reviewed by Mint.The exercise, which covers sectors such as pharmaceuticals, medical devices, fertilizers and textiles, comes amid concerns that supply shocks could derail India’s growth trajectory.“The plan is to identify structural vulnerabilities in India’s industrial landscape, with a focus on supply chain dependencies and manufacturing capabilities,” the first official cited above said on condition of anonymity.A detailed government questionnaire circulated by the commerce ministry’s supply chain division—reviewed by Mint—to key stakeholders has asked firms to disclose granular data on import dependence, covering specific items, source countries, reliance on foreign suppliers, and whether key inputs are “irreplaceable or non-substitutable”.The questionnaire also seeks production metrics such as HSN-coded output, domestic and export turnover, and constraints to scale, including technology licensing barriers and infrastructure gaps.

India Inc.’s earnings recovery will take longer than expected as higher energy prices amid the West Asia conflict could squeeze margins, according to the investment head of Standard Chartered Securities (India).“The consensus about a month back was building around 14-15% kind of (earnings) growth, which might come to low double-digits because of these changes in the input cost,” said Gaurav Dua, chief investment officer at the broking firm.For a year and a half, India Inc has been in an earnings downgrade cycle that was expected to bottom out, Dua said. But the rising energy prices could prolong the recovery, he said.

I am planning to undergo LASIK surgery to correct my eyesight. Will my health insurance policy cover this procedure? What are the rules and conditions I should be aware of?- Name withheld on requestLASIK surgery is a popular option to correct vision and reduce dependence on glasses or contact lenses.

HDFC group veteran Mistry seemingly borrowed words from Chakraborty’s statement to refute it. Mistry said he would not take on the responsibility of chairing the lender “if the systems, processes, governance practices in the bank did not align with my principles and my level of integrity.”Mistry, 71, told reporters on a separate call that the bank management will speak to all major shareholders over the next one or two days to address their concerns.

If there were an upskilling programme in the ‘Art of Confrontation,’ India Inc would benefit more from it than from many of the dime-a-dozen workshops that are held to raise work productivity. A knack for judicious confrontation is rare, as it takes tact to voice dissent without being aggressive in most corporate cultures. One could be labelled as a worthy opponent or team player without knowing which.Effective confrontation at work is an acquired skill, one seen in some startups that make space to openly reject ideas and question the constraints of hierarchy for better outcomes.Workplaces where debates are not fights encourage a ‘multi-hat’ look at strategic plans, to borrow a term from Edward de Bono’s Six Thinking Hats (1985).

. Eyyub was pitted against a trader from Pakistan, Murtaza Lakhani, according to people familiar with their operations.As Eyyub, Lakhani and a few other traders competed, the price of Russian oil recovered. Rosneft’s crude found new buyers, particularly in India.But Eyyub muscled out his rivals.

In the last few years, conversations on artificial intelligence (AI) have made their way from a few company boardrooms and R&D divisions to almost every company’s strategic vision and every investor’s daily life. There is hardly any seminar or conference—be it on healthcare, travel, consumer experience, legal affairs or economics—that doesn’t discuss the AI-led revolution. It is time to assess its impact on India, the world’s fastest-growing major economy.

₹200–300 crore in the new facilities, even as competition intensifies with airlines and airport operators moving to build captive maintenance bases.Carriers such as Air India, IndiGo and Akasa Air have outlined plans to set up their own MRO infrastructure, including at Bengaluru and Jewar, tightening the competitive landscape AIESL is stepping into.AIESL, originally set up as a wholly owned subsidiary of Air India, was later hived off into AI Assets Holding Co. Ltd following the Tata group’s acquisition of the airline.The company is evaluating a calibrated approach to expansion.

Even as several IPO-bound technology companies reassess launch timelines amid the war in West Asia, one critical element of their listing preparation—shifting their corporate domicile back to India—remains largely unaffected.Mint’s analysis of EY data shows that nearly 20 Indian tech startups have either shifted, are in the process of shifting, or are considering shifting their headquarters back to India ahead of planned listings. Of these, 13 companies have already completed the restructuring or are in the process of it, signalling that the trend is becoming a structural feature of India’s new-age tech IPO pipeline.These companies were founded in India but chose Singapore or US holding structures to tap global capital, regulatory flexibility and overseas listing, according to experts.Prominent startups, including Flipkart, PhonePe, Razorpay and Zepto, have already shifted their holding companies back to India from Singapore and the US ahead of their listings.There are some tax implications for companies shifting back, as they may lose the ability to ‘carry forward’ previous years' business losses to offset future taxable profits, according to tax experts.Further, capital gains tax on existing investors applies if the shift is made via a share swap, in which foreign shareholders exchange their shares for shares in the Indian entity.

after the US and Israel attacked Iran on 28 February. While several global economies, from the US to China, have already passed on higher costs to consumers, India has kept prices stable. With crude prices surging, oil marketing companies (OMCs) are taking a big hit.